1032 and 1040 S East Street Indianapolis, IN $ 359,900
1032 and 1040 S East Street
$ 359,900
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1032 and 1040 S East Street

Indianapolis, IN, 46225
$ 359,900
Bedrooms-- Baths0.0

Monthly Estimate*

$ 2,486

1032 and 1040 S East Street, Indianapolis, IN 46225 - Image 1
1032 and 1040 S East Street, Indianapolis, IN 46225 - Image 2
1032 and 1040 S East Street, Indianapolis, IN 46225 - Image 3
1032 and 1040 S East Street, Indianapolis, IN 46225 - Image 4
1032 and 1040 S East Street, Indianapolis, IN 46225 - Image 5

Lots and Land for sale in Indianapolis, IN

for $359,900. The lot size is 0.34.

Situated on a highly visible hard corner adjacent to Interstate 70, this 0.34-acre parcel offers exceptional access and exposure in the heart of a rapidly developing area. Previously zoned C-5 and recently rezoned to D-8 to support multifamily development, the property presents a versatile opportunity for office, retail, apartment, or condominium use. With excellent visibility, convenient access, and close proximity to downtown Indianapolis and Fountain Square, this site is well positioned for a wide range of commercial or residential development concepts.

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Lots and Land Active

Price

$ 359,900

Property Type

Lots and Land

Taxes

$ 2,246

Style

Unimproved Land

Lot Size

0.34

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22101882

Features
General
Sewer Public Sewer
Possession Negotiable
Development Status Not Applicable
Zoning D-8
Topography Level
Township Center
Property Subtype Unimproved Land
Tax Year 2024
Additional Parcels Description 1032 & 1040 S. East Street
County Marion
New Construction N
Property Type Land
Subdivision Name Hilgemeier & Muegges Sub
Other Structures Not Applicable
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 14876
Additional Parcels Y/N Y
Standard Status Active
Tax Lot 1
Legal Description Hilgemeyer & Muegges Sub L1 & L2 Ol108
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Exterior
Lot Size Acres 0.34
Road Surface Type Asphalt
Road Frontage Type City Street
Horse Amenities None
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* Excluded Features
List By
Re/Max Advanced Realty

Broker

turnbillk@gmail.com

Email

Affordability Calculator

$2,673
Per Month
93%
7%
0%
Monthly Principal & Interest
$2,486
Monthly Property Taxes
$187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/14/2026$359,900 -5.26% Price Down
5/13/2026$379,900 Listed Price

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1032 and 1040 S East Street, Indianapolis, IN, 46225 is a Lots and Land for sale at $359,900 with a lot size of 0.34. 1032 and 1040 S East Street has 0.0 baths. The property's zip code is 46225 which is in Indianapolis, IN